SPY 8/10 direction day finally here

Finally we get to CPI day. We broke out of the uptrend channel that’s not good but we are right on the .618 of the fib pullback. I really thought we were going to run up today but instead it was sideways. Had to trade 600 bucks just to make 66 today crazy. Be safe out there. Tomorrow whichever way it pops I’ll be fading. Expecting a fake out in the beginning then a trend day all day either up or down. I wish I had more to give but it’s a feds market and they said data will drive what they do so tomorrow the data is huge then Thursday PPI numbers come out. We closed right at support. I really want the market to go up but if we break 410.20 it’s over we’ll be at 407 before you know it. Personally I’m just ready for this CPI stuff to be over so we can start a new trend. Looking at the past CPI days the last 2 were green so who knows, suggest looking at those dates on a smaller timeframe. 409 puts or 412 calls. As always trade what’s in front of you good luck tomorrow and control your risk